DekaBank Deutsche Girozentrale Takes Position in Jefferies Financial Group Inc. (NYSE:JEF)

DekaBank Deutsche Girozentrale purchased a new stake in Jefferies Financial Group Inc. (NYSE:JEF) in the fourth quarter, HoldingsChannel reports. The firm purchased 7,864 shares of the financial services provider’s stock, valued at approximately $320,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allworth Financial LP increased its stake in shares of Jefferies Financial Group by 56.6% in the 4th quarter. Allworth Financial LP now owns 1,126 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 407 shares during the last quarter. Belpointe Asset Management LLC grew its position in shares of Jefferies Financial Group by 56.7% in the 1st quarter. Belpointe Asset Management LLC now owns 1,147 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 415 shares during the period. Washington Trust Advisors Inc. acquired a new position in shares of Jefferies Financial Group in the 3rd quarter valued at approximately $45,000. Ronald Blue Trust Inc. grew its position in shares of Jefferies Financial Group by 175.7% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,362 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 868 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Jefferies Financial Group in the 2nd quarter valued at approximately $53,000. 60.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com lowered Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday. Oppenheimer boosted their price objective on Jefferies Financial Group from $52.00 to $54.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Jefferies Financial Group currently has an average rating of “Moderate Buy” and a consensus target price of $43.33.

Jefferies Financial Group Trading Down 0.7 %

NYSE:JEF opened at $41.03 on Wednesday. Jefferies Financial Group Inc. has a twelve month low of $28.81 and a twelve month high of $47.39. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The business has a 50 day moving average price of $42.75 and a two-hundred day moving average price of $38.92. The company has a market cap of $8.70 billion, a P/E ratio of 33.63 and a beta of 1.37.

Jefferies Financial Group (NYSE:JEF) last released its quarterly earnings results on Wednesday, March 27th. The financial services provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Jefferies Financial Group had a return on equity of 4.41% and a net margin of 5.90%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm posted $0.55 EPS. The business’s revenue was up 35.4% on a year-over-year basis. As a group, analysts expect that Jefferies Financial Group Inc. will post 3.38 EPS for the current fiscal year.

Jefferies Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 20th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Friday, May 17th. Jefferies Financial Group’s payout ratio is presently 98.36%.

Jefferies Financial Group Company Profile

Jefferies Financial Group Inc operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management. It provides investment banking, advisory services with respect to mergers or acquisitions, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services.